Home About Topplebush.com Contact Us Links
Topple Bush Store Articles about George Bush Bush Resume Bush Humor Contribute

Bush Articles

Cheney

Support
Topplebush.com!

Bush in Limericks book cover
You'll want to own our new book called Trump in Limericks featuring many of the limericks we wrote for our site currently plus lots of new ones you won't find anywhere else. There are over 300 limericks and 200 pages in the book. You will really enjoy reading it. Available in paperback and ebook. Get more ordering information here.

More Trump in Limericks book
And you'll also want to buy our most recent book More Trump in Limericks with original artwork, poems, a few interesting topics, and over 100 limericks right up to the election. Now available in paperback. Find more ordering information here.


Support our web site using PayPal!
Contact Elected Officials

- Write to Congress
- Write to Congress by State
- Write to Senate by state
- White House switchboard: 1-202-224-3121
- Capitol tollfree: 1-888-355-3588
- Complete White House telephone directory

Recommended Books

View Cart/Checkout

The Halliburton Shuffle
by BOB HERBERT
New York Times
January 30, 2004

Can you spell Halliburton? R-i-p- o-f-f.

War-torn Iraq has been a gold mine for Halliburton, yet another treasure trove of U.S. taxpayer dollars for a company that has no peer in the fine art of extracting riches from the government.

But if you go through some of Halliburton's filings with the Securities and Exchange Commission over the past several years, as I have, you'll see a company that goes to great lengths - literally to the ends of the earth - to escape paying its fair share of taxes to the government that has been so good to it.

Annual reports filed with the S.E.C. since the mid-90's - when Dick Cheney took over as chief executive and wrote the game plan for garnering government goodies - showed Halliburton subsidiaries incorporated in such places as the Cayman Islands, Bermuda, Trinidad and Tobago, Panama, Liechtenstein, and Vanuatu.

Vanuatu? Who knew?

Vanuatu is a mountainous group of islands in the South Pacific. Its people support themselves mostly by fishing and subsistence farming. "Additional revenues," according to the Columbia Encyclopedia, "derive from a growing tourist industry and the development of Vila [the capital] as a corporate tax shelter."

Halliburton, in an S.E.C. filing in 2000, duly noted that it had a subsidiary incorporated in Vanuatu called Kinhill Kramer (Vanuatu) Ltd.

The company adamantly denies that its offshore subsidiaries are used to shift income out of the U.S. But it's indisputable that somebody is doing a dandy job of limiting Halliburton's tax liability. When I asked how much Halliburton paid in federal income taxes last year, a company spokeswoman, Wendy Hall, said, "After foreign tax credit utilization, we paid just over $15 million to the I.R.S. for our 2002 tax liability."

That is effectively no money at all to an empire like Halliburton. Less than pocket change. Dick Cheney must be having a good laugh over the way his old company, following his road map, is taking the U.S. for such a ride.

In the early 90's, when Mr. Cheney was defense secretary under the first President Bush, he hired the Halliburton subsidiary Brown & Root to determine what military functions could be outsourced to private profit-making companies. Brown & Root came up with myriad ideas in a classified study and was handed a lucrative contract to implement its own plan.

Mr. Cheney took over as chief executive of Halliburton in 1995, and the defense contracts just kept on coming. When he returned to government as vice president in 2001, no firm was better positioned than Halliburton to cash in on the billions of dollars in contracts that resulted from the war on terror and the conflict in Iraq.

Halliburton is bound so intimately to the defense establishment it might as well be an adjunct to the military. (Mr. Cheney still receives deferred compensation from Halliburton but insists he has no role in the awarding of contracts.)

Halliburton is an organization that has the reach of a multinational and the eyes of a Willie Sutton. Through its subsidiaries, it has done work with countries the U.S. has accused of supporting terror. It was accused of overcharging the U.S. government for work done in the 1990's, and in 2002 it agreed to pay a $2 million settlement in response to accusations that it had defrauded the government.

The Pentagon is currently examining allegations that the Halliburton subsidiary Kellogg Brown & Root overcharged the government by $61 million for gasoline imported into Iraq from Kuwait. Last week the company acknowledged that at least one employee had participated in a $6.3 million kickback deal with a Kuwaiti company. That money has reportedly been repaid to the government.

What we have here is a private profit-making multinational company with no particular allegiance (other than contractual) to the U.S. government. Nevertheless, through its powerful allies in the government, Halliburton enjoys extraordinary influence over national defense policies and has its own key to the national treasury.

If it's at all grateful, it hasn't shown it. The U.S. is at war. The government is running record deficits. Money is tight everywhere. But Halliburton won't even kick in its fair share. It continues to benefit from the nation's largesse, while scouring the world for places to shelter as much of its American riches as possible.

PreviousNext

Fair Use Notice: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, economic, democratic, domestic and international issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

< / 1 / 2 / 3 / 4 / 5 / 6 / 7 / 8 / 9 / 10 / 11 / 12 / 13 / 14 / 15 / 16 / 17 / 18 / 19 / 20 / 21 / 22 / 23 / 24 / 25 / 26 / 27 / 28 / 29 / 30 / >
Back to Index

Main Sections:
/ Home / About Us / Contact Us / Links / Topple Bush Store / Bush Articles / Bush Resume / Bush Humor / Contribute /

Topple Bush Submenus:
Topplebush Store: / Trump in Limericks Book / Bush Coins / Bumper Stickers / Bush items on clearance sale /
Bush Articles: / Past Business Dealings / Military Record / Family History / Record as Governor of TX / Stealing the Florida Election / George G. W. Bush / Record as President / Dick Cheney /
Bush & Trump Humor: / Bush Jokes / Bush Cartoons / Bush Photos 1 / Bush Photos 2 / Bush Photos 3 / Bush Animation / Trump Jokes / Trump Limericks / Trump Photos / Other /
Contribute: / Candidates / Topple Bush Site /

Other Sections:
/ Books / DVDs / CDs / MP3 Music for Free Download / Free flyers to Print Out & Distribute / Election Fraud Information /

Fun Topplebush Projects:
/ Remove Condi Rice from the Football Playoff Committee /
Find New Slogan for Fox News / Send Pills to Rush / Find a New Slogan for the GOP / Create Better Language for Dems and Progressives / Blame Reagan / What military recruiters say to fill their quotas / Republican Whores - what will it take for them to stand up to Trump /